Paw Paw, IL 61353,316 Chicago RD
Paw Paw, IL 61353,316 Chicago RD
Paw Paw, IL 61353,316 Chicago RD
Paw Paw, IL 61353,316 Chicago RD
Paw Paw, IL 61353,316 Chicago RD
Paw Paw, IL 61353,316 Chicago RD
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$60,000

$80,000

25.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,450 SqFt


SOLD DATE : 08/29/2025

Key Details

Sold Price $60,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 1,450 sqft

Price per Sqft $41

MLS Listing ID 12405816

Sold Date 08/29/25

Annual Tax Amount $1,918

Tax Year 2024

Lot Dimensions 20X128

Property Sub-Type Mixed Use

Property Description

**Investor Opportunity in Small-Town Downtown District - TIF Incentives Available** Located in the center of a small community business district, this three-unit mixed-use building offers a solid investment opportunity with municipal support for redevelopment through available **Tax Increment Financing (TIF) incentives**. It's an excellent option for those looking to contribute to local revitalization while securing income-producing property. The building includes two main-level office suites that share a common restroom, making them ideal for small businesses, startups, or professional services in need of reasonably priced space with downtown visibility. The second floor features a one-bedroom apartment with a tenant in place through December 2025. The apartment tenant is responsible for gas and electric utilities, while the owner pays for water and trash services. The residential and commercial area is metered separately for gas and electric. The property is serviced by two furnaces and two water heaters, one per floor. With its central location and flexible layout, this building provides great potential for steady income and long-term value. Whether you're expanding your portfolio or launching a new venture, this is a practical opportunity to invest in a growing community with local support for improvement. **Contact us today for more details.**

Location

State IL

County Lee

Area Paw Paw

Zoning COMMR

Interior

Cooling Central Air

Flooring Carpet, Varies, Vinyl, Other

Fireplace N

Exterior

Utilities Available Electricity Available, Natural Gas Available

Roof Type Composition

Building

Structure Type Aluminum Siding,Vinyl Siding

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Midwest Real Estate Data (MRED) IDX
Listed by Wendi Sleezer of  Swanson Real Estate 
Bought with Kallan Welsh of Up Realty LLC

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Sarah Leonard
Sarah Leonard

Broker | Owner

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